New York Sports Betting Hits Record $2.15B Handle in April

A Big Month for Betting

New York’s sports betting scene smashed records in April 2025, with a $2.15 billion handle, up 9.6% from $1.96 billion in April. The handle, though down 11.8% from March’s $2.44 billion, marked the seventh time in eight months it topped $2 billion.

Revenue hit $192.7 million, a 4.8% year-on-year rise and 19.1% jump from March’s $161.8 million, generating $98.3 million in taxes. The 8.9% hold was slightly below last April’s 9.3%, but April’s revenue was the state’s highest ever for the month.

FanDuel and DraftKings Lead the Pack

FanDuel reclaimed the top spot after trailing DraftKings in March, posting an $822.5 million handle and $84.8 million in revenue at a 10.31% hold.

DraftKings followed with a $727.3 million handle and $66.8 million in revenue, up $7.4 million from March, at a 9.2% hold. Fanatics held third with a $175.7 million handle but saw a slight revenue dip to $12.5 million at 7.11%.

BetMGM and Caesars rounded out the top five, with handles of $154.1 million and $153.4 million, and revenues of $11.2 million and $9.7 million, respectively, both under 8% hold.

ESPN BET, in its second-best month since launching in September 2024, hit a $56 million handle and $3 million in revenue at a 5.36% hold, outpacing BetRivers.

Rush Street Interactive (BetRivers) posted a $43.2 million handle and $3.4 million in revenue at 7.87%. Resorts World Bet and Bally Bet trailed, with handles of $9.9 million and $11.1 million, and revenues of $769,845 and $489,091, at holds of 7.81% and 4.39%.

April’s Winning Formula

April’s success followed a tough March, where NCAA basketball upset bettors, not sportsbooks. The NFL Draft and NBA and NHL playoffs delivered predictable outcomes, driving revenue.

The week ending May 4, with a $480.2 million handle, saw a 10.8% hold, yielding $51.9 million in revenue, led by FanDuel’s $26.2 million.

Caesars was the only other operator with a weekly profit gain, while DraftKings’ revenue dipped.